Uniti Group Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 2, 2026
UNIT$4.20-4.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| (Millions) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net income (loss) | $1,304.7 | $93.4 | $(81.7) |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 666.6 | 314.9 | 310.5 |
| Amortization of deferred financing costs, debt discount and premium | 14.3 | 22.7 | 18.5 |
| Loss on extinguishment of debt | 183.0 | — | 31.2 |
| Deferred income taxes | (143.5) | (18.9) | (68.5) |
| Straight-line revenues and amortization of below-market lease intangibles | (15.4) | (30.6) | (37.9) |
| Stock-based compensation | 23.5 | 13.5 | 12.5 |
| Goodwill impairment | — | — | 204.0 |
| Gain on sale of operating assets | — | (19.0) | — |
| Gain on settlement of preexisting relationships | (1,683.9) | — | — |
| Provision for estimated credit losses | 15.9 | 1.1 | 1.2 |
| Other, net | 8.1 | 7.3 | 7.0 |
| Changes in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable | (8.5) | (6.2) | (4.9) |
| Inventory | (41.5) | — | — |
| Prepaid expenses | (7.5) | 0.8 | (1.4) |
| Other current assets | 5.6 | (1.6) | 0.6 |
| Other assets | (13.0) | (0.5) | 20.6 |
| Accounts payable | 32.7 | 7.8 | 0.2 |
| Accrued interest | (64.1) | 10.2 | 12.4 |
| Accrued taxes | 4.9 | 1.2 | 1.4 |
| Deferred revenue | 86.1 | 8.2 | 1.0 |
| Other current liabilities | 25.9 | — | (6.0) |
| Other liabilities | (11.0) | (2.1) | (1.4) |
| Noncurrent deferred revenue | (42.2) | (37.4) | (47.6) |
| Operating lease assets and lease obligations | 8.0 | 1.8 | (18.5) |
| Other, net | 1.5 | — | — |
| Net cash provided from operating activities | 350.2 | 366.6 | 353.2 |
| Cash flows from investing activities: | |||
| Capital expenditures | (787.8) | (354.8) | (417.0) |
| Merger cash consideration paid, net of cash acquired | (229.5) | — | — |
| Capital expenditures funded by government grants | (22.0) | — | — |
| Grant funds received for broadband expansion | 17.0 | — | — |
| Proceeds from sale of IPv4 addresses and other assets | 10.6 | 2.6 | 5.7 |
| Proceeds from sale of operating assets | — | 40.0 | — |
| Proceeds from sale of unconsolidated entity | — | 40.0 | — |
| Net cash used in investing activities | (1,011.7) | (272.2) | (411.3) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 4,718.0 | 714.0 | 3,106.0 |
| Repayments of debt | (3,784.0) | (460.9) | (2,749.7) |
| Dividends paid | — | (108.5) | (107.4) |
| Payments of settlement obligation | (73.5) | (98.0) | (98.0) |
| Payments for financing costs | (235.7) | (15.8) | (71.3) |
| Other, net | (13.0) | (3.7) | (3.0) |
| Net cash provided from financing activities | 611.8 | 27.1 | 76.6 |
| Net (decrease) increase in cash, restricted cash and cash equivalents | (49.7) | 121.5 | 18.5 |
| Cash, restricted cash and cash equivalents at beginning of period | 183.8 | 62.3 | 43.8 |
| Cash, restricted cash and cash equivalents at end of period | $134.1 | $183.8 | $62.3 |
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